Crowdfunder to launch 'first' Chinese-UK campaign

A Scottish crowdfunding platform has announced plans to launch the world’s 'first' fundraising drive allowing Chinese investors to buy shares directly in an unlisted UK firm.

Edinburgh-based ShareIn has teamed up with consultancy BOP to target the potentially huge Chinese market after new regulations have made it easier for investors to back start-ups.

Jude Cook, Chief Executive and Co-Founder of ShareIn, said China had the fastest-growing crowdfunding industry in the world with funds raised this year expected to hit £3.9bn, double last year’s figure.

“This is a fantastic opportunity to really open up financial trade routes between the UK and China,” said Jude.

“ShareIn has aimed to get a slice of two of the greatest economies in the world.

“We have successfully completed a cross-border campaign with a partner in the US and we will now do the same in China.”

Conor Roche, Associate Director of BOP, added: “This is an exciting new development in global crowdfunding.”

“We are opening up boundaries between the UK and China.”

Chinese investment would be another boost for the crowdfunding industry following growing interest from the banks and backing from tennis ace Andy Murray.

In September, China also announced its intention to invest billions of pounds in the northern property market, although some industry insiders have already begun to question whether this will provide an answer to the current housing crisis.